Analysis of deterministic control and its improvements for an inventory problem with multiproduct batch differentiation

DOI10.1287/OPRE.2017.1647MaRDI QIDQ4969308zbMATH OpenOpenAlexFDO

Authors Hyun-Soo Ahn, Stefanus Jasin, Yang Wang, Philip Kaminsky

Publication date 5 October 2020

Published in Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/opre.2017.1647

zbMATH Keywords

batch allocationcertainty equivalent controlproduction planningreoptimization

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Management decision making, including multiple objectives (90B50) Stochastic programming (90C15) Dynamic programming (90C39)

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Cites work

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• Analysis of deterministic LP-based booking limit and bid price controls for revenue management
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• Reoptimization and self-adjusting price control for network revenue management
• The Optimal Inventory Policy for Batch Ordering
• The Optimality of Hedging Point Policies for Stochastic Two-Product Flexible Manufacturing Systems

Cited in

(4)

• Modeling and solving the constrained multi-items lot-sizing problem with time-varying setup cost
• On a deterministic approximation of inventory systems with sequential service-level constraints
• Dynamic programming in inventory management: a review
• 50 years of revenue management -- a European perspective

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